Galleon, insider trading probes could slam hedge funds and stock market

Packed with wiretaps, snappy dialogue and high-profile characters, the insider trading case surrounding the Galleon Group has played out like a B movie so far.

But as the investigation grows to include more top executives from some of the world's most blue-chip companies, investors should take a more sober look at what the fallout for the broader market could be. A broad crackdown on the $2 trillion hedge fund industry could be in the works and that would ravage an already fragile stock market